Shares of Bristow Group Inc. (NYSE:BRS) have been assigned a consensus rating of “Hold” from the eleven analysts that are presently covering the firm. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $17.71.
BRS has been the subject of a number of recent research reports. Barclays PLC raised shares of Bristow Group from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $22.00 to $20.00 in a research report on Monday, June 6th. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $15.00 price target on shares of Bristow Group in a research note on Wednesday, June 29th. Zacks Investment Research raised Bristow Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 27th. Capital One Financial Corp. downgraded Bristow Group from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, August 16th. Finally, Cowen and Company dropped their price target on Bristow Group from $18.00 to $14.00 and set an “outperform” rating for the company in a research note on Thursday, September 1st.
In related news, insider Chet Akiri bought 5,565 shares of Bristow Group stock in a transaction that occurred on Monday, August 29th. The shares were acquired at an average cost of $11.62 per share, for a total transaction of $64,665.30. Following the completion of the acquisition, the insider now directly owns 5,565 shares of the company’s stock, valued at approximately $64,665.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jonathan Baliff bought 8,200 shares of Bristow Group stock in a transaction that occurred on Monday, August 15th. The stock was bought at an average price of $12.12 per share, for a total transaction of $99,384.00. Following the completion of the acquisition, the insider now directly owns 50,998 shares of the company’s stock, valued at $618,095.76. The disclosure for this purchase can be found here. 9.60% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio boosted its stake in shares of Bristow Group by 54.4% in the second quarter. Public Employees Retirement System of Ohio now owns 8,724 shares of the company’s stock valued at $100,000 after buying an additional 3,072 shares during the last quarter. Commonwealth Equity Services Inc bought a new stake in shares of Bristow Group during the second quarter valued at approximately $114,000. Freestone Capital Holdings LLC bought a new stake in shares of Bristow Group during the second quarter valued at approximately $114,000. Paloma Partners Management Co bought a new stake in shares of Bristow Group during the second quarter valued at approximately $117,000. Finally, Advisors Asset Management Inc. bought a new stake in shares of Bristow Group during the second quarter valued at approximately $121,000.
Bristow Group (NYSE:BRS) opened at 14.02 on Wednesday. Bristow Group has a 52 week low of $9.17 and a 52 week high of $37.19. The stock has a 50 day moving average of $12.02 and a 200 day moving average of $14.76. The company’s market cap is $491.58 million.
Bristow Group (NYSE:BRS) last announced its earnings results on Thursday, August 4th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.13) by $0.21. The business earned $356.10 million during the quarter, compared to the consensus estimate of $383.79 million. Bristow Group had a negative net margin of 6.50% and a positive return on equity of 1.16%. The company’s revenue was down 20.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.56 EPS. Equities research analysts predict that Bristow Group will post ($1.76) earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 2.00%. The ex-dividend date was Tuesday, August 30th. Bristow Group’s dividend payout ratio is currently -9.30%.
About Bristow Group
Bristow Group Inc is an industrial aviation services provider and helicopter service provider to the offshore energy industry. The Industrial Aviation Services segment’s operations are conducted primarily through four regions: Europe Caspian, Africa, Americas and Asia Pacific. The Europe Caspian region consists of all its operations and affiliates in Europe and Central Asia, including Norway, the United Kingdom and Turkmenistan.
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